"We can use initially our own financial resources, but then [in the] second phase we can use [a] third party's money," Sajwani said of the planned investment.

President-elect Donald Trump announced a deal with Dubai developer DAMAC Properties for an investment of at least $20 billion in the U.S. CBS News' Aaron Navarro reports.

Now, Sajwani, who has had close ties with Trump and his family over the years, seemingly has plans to supercharge the firm’s U.S. investment. Sajwani, who is in his early 70s, was at Mar-a-Lago Club in Palm Beach when Trump made the announcement of Damac’s data centers bet.